Stamp Duty in Victoria
Victoria uses a unique rate structure where properties between $960,001 and $2,000,000 attract a flat 5.5% rate on the full purchase price — not just the marginal excess. This can actually benefit buyers in this range compared to strict progressive calculations. Victoria generally has the highest stamp duty costs in Australia at most price points.
First Home Buyer Concessions — VIC
First home buyers in Victoria receive a full stamp duty exemption on properties valued up to $600,000. A sliding concession applies for properties between $600,001 and $750,000. The First Home Owner Grant of $10,000 is available for new homes valued up to $750,000.
Additional Information
Victoria has extended its off-the-plan stamp duty concession for all buyers (including investors) until October 2026, with average savings of approximately $25,000. Foreign buyers pay an 8% surcharge on top of standard duty. Victoria also has a vacant residential land tax applying to properties left empty for more than 6 months.
Property Market
With Melbourne's median house price around $900,000–$1M, Victorian stamp duty costs are among the highest in Australia. On a $1M property, you'll pay approximately $55,000 in duty.
Use our Stamp Duty Calculator to get an exact estimate, or check the First Home Buyer Calculator to see your total benefits including grants and concessions. For your exact liability, consult a licensed conveyancer or your state revenue office.